Japan banks unlikely to follow Resona capital raising
Japanese bank Resona Holdings has turned to the equity markets for a ¥590bn ($7bn) placement as it seeks to boost capital ratios. But analysts do not think it likely that other Japanese banks will follow over the next few months.
The offer will allow Resona to buy back some of the ¥1.68tr of preferred shares owned by the Japanese government and move the bank closer in line with the latest capital regulations announced by the Basel Committee.
The banks attempt to raise equity capital is likely to be
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